Teachers Retirement System of The State of Kentucky Takes Position in UGI Co. (NYSE:UGI)

Teachers Retirement System of The State of Kentucky bought a new position in shares of UGI Co. (NYSE:UGI – Get Rating) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 183,008 shares of the utilities provider’s stock, valued at approximately $5,917,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Allstate Corp boosted its position in shares of UGI by 1.9% during the first quarter. Allstate Corp now owns 16,470 shares of the utilities provider’s stock valued at $597,000 after buying an additional 313 shares during the period. Eaton Vance Management grew its position in UGI by 0.4% in the 1st quarter. Eaton Vance Management now owns 82,676 shares of the utilities provider’s stock valued at $2,995,000 after acquiring an additional 344 shares during the last quarter. Quadrant Capital Group LLC increased its stake in UGI by 32.7% in the second quarter. Quadrant Capital Group LLC now owns 1,495 shares of the utilities provider’s stock worth $58,000 after purchasing an additional 368 shares during the period. Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of UGI by 6.4% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 6,444 shares of the utilities provider’s stock worth $249,000 after purchasing an additional 390 shares during the last quarter. Finally, BDO Wealth Advisors LLC boosted its stake in shares of UGI by 5.3% during the second quarter. BDO Wealth Advisors LLC now owns 7,933 shares of the utilities provider’s stock valued at $306,000 after purchasing an additional 398 shares during the period. Institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. TheStreet downgraded shares of UGI from a “b-” rating to a “c+” rating in a research note on Friday, March 10th. Wells Fargo & Company boosted their price target on UGI from $41.00 to $42.00 and gave the company an “equal weight” rating in a report on Tuesday, January 10th. StockNews.com began coverage on UGI in a research report on Thursday. They set a “hold” rating for the company. Bank of America lowered UGI from a “neutral” rating to an “underperform” rating and cut their price target for the company from $43.00 to $41.00 in a research note on Wednesday, November 23rd. Finally, Barclays increased their target price on shares of UGI from $39.00 to $40.00 and gave the stock an “underweight” rating in a report on Thursday, February 2nd. Two analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $41.00.

UGI Price Performance

Shares of UGI opened at $35.03 on Friday. The company has a 50 day moving average of $38.71 and a two-hundred day moving average of $37.28. The company has a quick ratio of 0.84, a current ratio of 1.02 and a debt-to-equity ratio of 1.26. UGI Co. has a twelve month low of $31.19 and a twelve month high of $44.54. The company has a market cap of $7.34 billion, a price-to-earnings ratio of 39.81, a price-to-earnings-growth ratio of 1.50 and a beta of 1.08.

UGI (NYSE:UGI – Get Rating) last announced its earnings results on Thursday, February 2nd. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.08. UGI had a return on equity of 11.76% and a net margin of 2.12%. The company had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.81 billion. During the same period in the prior year, the company posted $0.93 EPS. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. As a group, analysts predict that UGI Co. will post 2.96 earnings per share for the current fiscal year.

UGI Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, April 1st. Shareholders of record on Wednesday, March 15th will be paid a dividend of $0.36 per share. The ex-dividend date is Tuesday, March 14th. This represents a $1.44 dividend on an annualized basis and a yield of 4.11%. UGI’s payout ratio is 163.64%.

UGI Company Profile

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UGI Corp. is a holding company, which engages in the distribution and marketing of energy products and services. It operates through the following segments: AmeriGas Propane, UGI International, Midstream and Marketing, and Utilities. The AmeriGas Propane segment consists of the propane distribution business of AmeriGas Partners, L.P.